Penn State Mont Alto announces $1.1 Million in gifts
Penn State Mont Alto announced receipt of three major gifts totaling more than $1.1 Million to benefit its students at its 14th annual Scholarship Reception held on October 30. The event, sponsored by Waste Management, gives students the opportunity to meet and thank the benefactors of their private scholarships. It was attended by more than 300 people.
The campus announced creation of the new Paul E. and Rachel W. White Fund from a generous estate gift of $764,000 from the Paul and Rachel White estate. Paul graduated from Penn State in 1930 with a degree in Civil Engineering. He was the co-owner of Brown, David & White Contractors, and later served as the CEO of Valley Quarries. Paul was also a member of the Penn State Mont Alto Advisory Board. Paul and Rachel passed away in 1999 and 2008, respectively. The fund is purposed to provide recognition and financial assistance to outstanding undergraduate students who are enrolled or planning to enroll at Penn State Mont Alto and who have a demonstrated need for funds to meet their necessary college expenses. Seventeen Mont Alto students are currently receiving scholarships from this endowment fund.
Another new scholarship, the Kendig Renaissance Scholarship, was also announced. It was established with a $330,000 gift from the Dr. Thomas E. Kendig estate. Kendig attended Penn State Mont Alto from 1938-1939, and this scholarship will provide financial assistance to students at Mont Alto who have a demonstrated need for funds to meet their necessary college expenses. Dr. Kendig himself benefited from two similar scholarships when he was an undergraduate student at Penn State from 1938 to 1942.
To date for the 2009-10 academic year, the campus has awarded 221 students more than $354,000 in scholarships and awards. This year’s new endowments combined will benefit more than 34 undergraduate students attending Penn State Mont Alto.